L. HAND, Circuit Judge.
This case arises upon a petition to review an order of the Board of Tax Appeals, assessing a deficiency against the taxpayer, a corporation, on its income tax for the year 1931. The question is whether it might take as a basis for the depreciation of its assets their value in the year 1929, or should have resorted to that of earlier years; and that depends upon the proper meaning of § 113(a) (7) of the Revenue Act of 1928, 26 U.S.C.A....
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.